20,000 SF Shopping Plaza sold to RL Realty Enterprises, LLC
Date Posted: March 26, 2020
Polar Plaza, located at 4861 State Highway 30, Amsterdam, was recently purchased by RL Realty Enterprises, LLC from Polar Development. The 20,000± SF retail center was a prime investment opportunity located on Amsterdam’s main retail corridor at the intersection of Route 30 and Wallins Corners Road. The retail plaza was 100% leased with tenants including Empire VisionWorks, Hear for You, Lumart’s Shoes, Solar Nails, H&R Block, Schenectady Pulmonary, Ship & Copy, and 518 Grille.
The retail plaza consisted of two buildings and was recently sold in March 2020 as an investment sale for $2,000,000. Jeffrey D’Amore, SIOR, Executive Director, and Michael Sampone, Associate Real Estate Broker, of Cushman & Wakefield | Pyramid Brokerage Company were the exclusive brokers for the Seller.
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